Thanks to Blockchain, Crypto and Metaverse technology, we will see a new era in which the consumer is put in front and in the center. An aspect that is explored right now is the purchase of P2P cars.
Do you remember when Elon announced many moons ago that you could buy Tesla with Bitcoin? We were members. As it is, DEccentralization will help us resume control of our lives and make the car shopping experience more fun and less stressful.
Here are three ways in which the cryptocurrency is used in the car business.
Motif 1: technological generations are growing with the blockchain
The next generation of adults – including your truly – are finally becoming free and independent people. We are graduating from college, paying the bills (and loading them on credit), purchasing our first cars, everything while juggling the Snapchat stories of our mostly failed lives. We live in a wild world and dominated by technology.
But we are getting used to it more and more. This is why the cryptocurrency has a future in the car and metaverse has a place in automotive culture.
This does not mean that we will have a complete VR or cryptographic experience while buying or driving a car; Rather, we will begin to see more events of “mixed reality”. The mixed reality means that some of the banal parts of life (going to the DMV, office meetings, etc.) can be integrated into the metvers while other things are left to the fun of physical reality.
Perfectly balanced, how everything should be.
Reason n. 2: Purchase of cars with cryptocurrency (Tesla experience)
The cryptocurrency is slowly but certainly becoming more mainstream. We are seeing large and small companies begin to accept crypto as payment. Tesla, for example, allowed customers in 2021 to buy their cars with Bitcoin!
The news was short -lived.
Tesla now owns $ 1 billion in #Bitcoin
pic.twitter.com/7TKX9J4RQD
– Vivek
(@Vivek4real_) 11 November 2024
While Tesla still has Bitcoin, Elon Musk has assumed the BTC-Tesla purchase agreement, citing environmental concerns on Bitcoin.
However, you can still buy Teslas with Dogecoin.
Whether it’s dogecoin or bitcoin, more companies, in general, will put the cryptocurrency on their balance sheet, which opens the opportunity to use it to buy things like cars.
Reason n. 3: Examples of the real world of car companies that use blockchain
We are seeing that more and more car manufacturers begin to experiment blockchain. BMW, for example, uses the blockchain to keep track of cobalt supplies in its electric vehicles. This is important because it allows them to ensure that the cobalt that are using ethically.
They are not the only ones. Renault is experimenting with blockchain to keep track of the progress of the parties from suppliers to factories. This helps them to ensure that production works without hitches without delays.
We can expect to see more and more car manufacturers to start using the blockchain in the coming years while making its potential.
Final thinking: is Crypto the future of cars?
We are going from an era in which car manufacturers have sold cars with little thought on their future needs to an era in which multiple companies are taking into consideration how they can use this new technology for the benefit of customers.
Crypto has already entered other sectors, so why not take a further step forward by revolutionizing cars sales?
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